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. with millions of americans unemployed this simply makes no sense. stephen moore, senior writer for "the wall street journal." how are you doing, steve? good morning. >> hi, bill. bill: they're saying 43,000 jobs because of this. what, a latex glove gets taxed? i thought it was just like on mri machines and big items like that? >> actually, no. thank you for doing this segment because a lot of americans don't realize when the president calls for all the new taxes in the fiscal cliff negotiation, mr. president we already have a big tax increase that will hit on january 2nd. that of course is the obamacare taxes. you mentioned one of them, the tax on medical devices and medical equipment, bill, which i agree with, congressman price. that will reduce innovation and will reduce the kind of invention and new products we need to keep people healthier. in addition to that, bill, don't forget there is something called 3.8% investment tax surcharge in the obamacare bill that starts in january. one of the things that the president says is a little misleading i will only raise tax rates back where they
's christopher lance moore, things didn't go as planned when he allegedly broke into a home in texas. the man holding moore at gun point when he found him at his home. his stepson says moore should be lucky to still be alive. >> it was a bad night probably. he was going to try and run or something and that i was gog have to shoot him or my stepdad would have to shoot him. >> gretchen: so moore now facing burglary charges. brian? >> brian: former republican senator alan simpson can legislate, but i didn't know until now that he can actually dance. ♪ . >> brian: that is fantastic. 81-year-old getting down and drawing attention to the fiscal cliff. he made this as part of a nonpartson group because you can not be partisan and do gangam style. the can kicks back, they're urging young americans to help solve the nation's crisis. simpson was one half of the simpson bowles commission tasked with tackling the debt and deficit. >> gretchen: the reason he didn't kick the can was because he had a plan that you wouldn't have to kick the can. you would actually put our fiscal order better off. speaking
chris moore is retiring after res than two years on the job. after less than two years on the wood -- after less than two years on the job. >>> a decision may come on whether sonoma marin area rail transit will get a big chunk of federal transportation money. officials asked for $6.6 million to buy more train cars at this year's prices. however, the sonoma county transportation authority says it only has $10 million in funding. >>> it's 7:38. want to check in with sal. see what's happening in the east bay. pretty busy there, sal. >> it's busy. one of the main reasons is the bay bridge is such a mess. it usually has a chain reaction on all of the freeways that get close to the bay bridge. let's go to the 24 freeway. westbound 24 is busy here in la fayette between walnut creek, you have a lot of slow traffic and right when you get out on the slow side, 580, it's jammed. another stall on the bridge. we've had four broken brown -- dash broken down cars. look at the carpool lane. that's slow. we're looking at delays between 40 minutes and an hour for some cars trying to get into san fra
, not so much. bill: some of these warnings now the national debt is nearing dangerous levels. steven moore is here with the "wall street journal." what does it mean that the warnings are there, steve. >> the amazing thing about this debt. i was thinking when i first came to washington which was in the early 1980s, the debt level was about $2.5 trillion. now we are at 16.2 trillion. by the way every president goods back to dwight eisenhower has promised that they will balance the budget and the debt keeps getting bigger and bigger. the real tragedy is that over the last five years the debt has increased by almost $6 trillion. that is more money than was borrowed from 1776 through the year 1976. bill: that's ridiculous. >> it is a tragic situation. bill: what is the danger in this economically speaking for us. >> the danger is two fold. one is if you look at the budget right now and we continue on this pace of borrowing we are expected to do, trillion dollar deficits for as far as the eye can see we are looking at somewhere in the neighborhood of a trillion dollars each year bill in only ser
? joining me now, senior economics writer or for "the wall street journal" steve moore. steve, thanks for making it in today. >> hi, jamie. we're having a white christmas in chicago. so it is a lot of fun. jamie: i know chicago, burr. the numbers are also pretty chilling for retailers who do what percentage of their business during the holiday season? >> you know, those months of november and december are absolutely crucial, jamie, for the retailers. about 40 to all their business all year is done in those two holiday months. so it's, not very good news that the retail numbers came in, you called them lackluster. and that's probably putting it charitiably. this was the worst year since 2008. it is actually, surprising, jamie, because if you look at some other indicators, consumer confidence had actually bumped up a little bit in the last couple months. we have, i wouldn't read too much into this because other indicators of the economy are looking up right now. jamie: so do you think it's an anomaly that it isn't going up? is it an indication if we go over the fiscal cliff there's conc
Search Results 0 to 6 of about 7 (some duplicates have been removed)